WFUM Pools Home Page

The contents of this website are not a substitute for the contents of the Scheme document (which includes the Scheme and the Explanatory Statement). Scheme Creditors (as defined in the Scheme) should read and consider carefully the full text of the Scheme document.

Latest Developments

Sovereign Marine & General Insurance Company Limited - Certificate of Completion (27 January 2014)

A Certificate of Completion has been issued by the Scheme Manager (PRO Insurance Solutions Limited) to Sovereign Marine & General Insurance Company Limited.

See the Important Information page for further details.

Sovereign Marine & General Insurance Company Limited - Notice of Impending Completion (27 September 2013)

A notice was issued on 27 September 2013 regarding the impending completion of the Scheme of Arrangement made between Sovereign Marine & General Insurance Company Limited and its Scheme Creditors (as defined in the Scheme) pursuant to section 425 of the Companies Act 1985.

See the Important Information page for further details.

Atlantic Mutual Insurance Company - Certificate of Completion (18 July 2013)

A Certificate of Completion has been issued by the Scheme Manager (PRO Insurance Solutions Limited) to Atlantic Mutual Insurance Company. See the Important Information page for further details.

Sovereign Marine & General Insurance Company Limited

Letters to creditors dated December 2012 and January 2013 announced the final dividend of 97%. Payment of the uplift as appropriate was included with the letter. No further payments will be made to creditors.

See the Important Information page for further details.

WFUM Pools Solvent Scheme Companies – Certificate of Completion (19 November 2010)

A Certificate of Completion has been issued by the Scheme Manager (PRO Insurance Solutions Limited) to the Solvent Scheme Companies. See the Important Information for further details.

Details regarding impending completion for the Insolvent Scheme Company ‘Sovereign M&G’ and Atlantic Mutual (in Rehabilitation) will be communicated to Scheme Creditors at a later date.

WFUM Pools Solvent Scheme Companies – Notice of Impending Completion ( 27 July 2010)

A notice was issued on 27 July 2010 regarding the impending completion of the schemes of arrangement made between the solvent Scheme Companies and their respective Scheme Creditors (as defined in the Scheme) pursuant to section 425 of the Companies Act 1985. See the Important Information page for further details.

Bar Date for Claim Form Submissions

Following the Bar Date for Scheme Companies, Scheme Creditors are no longer entitled to assert any additional Scheme Claims.

The Bar Date for Scheme Companies other than Sphere Drake being on or before 11.59pm (UK time) 7 April 2008.
The Bar Date for Sphere Drake only being on or before 11.59pm (UK time) 6 May 2008.

(See the News Page for further details.)

Sphere Drake (5 November 2007)

The proposed Scheme for Sphere Drake, for whom votes were taken at the Reconvened Meetings held on 19 October 2007, was sanctioned by the High Court of Justice in England and Wales on 5 November 2007 and became effective and binding on 6 November 2007 (the "Effective Date"); the Bar Date for the Sphere Drake Scheme being 6 May 2008.

Scheme Effective Date (10 October 2007) and Bar Date (7 April 2008)

The proposed Schemes for the 14 WFUM Pools Scheme Companies for whom votes were taken at the 27 October 2006 Creditor Meetings were sanctioned by the High Court of Justice in England and Wales on 17 September 2007 and became effective and binding on such Scheme Companies and their Scheme Creditors on 10 October 2007 (the "Effective Date").(See the News Page page for further details.) The 14 WFUM Pools Scheme Companies are listed on the WFUM Pools Scheme Companies page.

If the website does not contain particular information you are looking for, please contact the helpline.